CFI acquires auto leasing companies

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Corpfinance International Limited announced it has extended its business into the auto leasing segment with the acquisition of four independent leasing companies. 

In Toronto these businesses will operate under the brand names Landmark Leasing and Palladini Leasing, and in Vancouver under the name AutoOne Leasing.

“Through CFI Trust, Corpfinance has long been a major player in the automotive and lease financing business,” said Kevin Andrews, president and CEO of Corpfinance International Limited.  “We've originated over 4 billion dollars in assets through CFI Trust; we have over 25 years experience and a core expertise in the business of financing auto leasing companies.  Moving into a phase where we run these businesses directly is a natural extension of our portfolio.”
 
Andrews said it became apparent recently that many independent leasing companies had limited succession planning in place. This combined, he noted, with the lack of one dominant player in the market presented a “wonderful opportunity for us.”
 
“Leveraging the financial stability and expertise of CFI, we will consolidate the administrative functions and management of these companies.  We can also effectively share vehicle inventory and extend our market penetration,” said Rozmin Patel, senior V-P. “Economies of scale can have a huge impact. We can run multiple leasing companies much more efficiently and profitably than if we tried to run each business independently.”

With over 25 years of experience and having completed $6 billion of transactions, CFI Group, through Corpfinance International Limited, CFI Capital and CFI Trust, are specialists in providing customized medium and long-term debt and equity financing solutions for private and public corporations. 

CFI is based in Toronto with offices in Quebec and British Columbia.
Corpfinance International Limited announced it has extended its business into the auto leasing segment with the acquisition of four independent leasing companies. 

In Toronto these businesses will operate under the brand names Landmark Leasing and Palladini Leasing, and in Vancouver under the name AutoOne Leasing.

“Through CFI Trust, Corpfinance has long been a major player in the automotive and lease financing business,” said Kevin Andrews, president and CEO of Corpfinance International Limited.  “We've originated over 4 billion dollars in assets through CFI Trust; we have over 25 years experience and a core expertise in the business of financing auto leasing companies.  Moving into a phase where we run these businesses directly is a natural extension of our portfolio.”
 
Andrews said it became apparent recently that many independent leasing companies had limited succession planning in place. This combined, he noted, with the lack of one dominant player in the market presented a “wonderful opportunity for us.”
 
“Leveraging the financial stability and expertise of CFI, we will consolidate the administrative functions and management of these companies.  We can also effectively share vehicle inventory and extend our market penetration,” said Rozmin Patel, senior V-P. “Economies of scale can have a huge impact. We can run multiple leasing companies much more efficiently and profitably than if we tried to run each business independently.”

With over 25 years of experience and having completed $6 billion of transactions, CFI Group, through Corpfinance International Limited, CFI Capital and CFI Trust, are specialists in providing customized medium and long-term debt and equity financing solutions for private and public corporations. 

CFI is based in Toronto with offices in Quebec and British Columbia.